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FOX Business
Dec 27, 2012 7:00pm EST
. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concern in the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate question, yes, we were better off than the depths of being in a whole. president clinton explained the argument that we were climbing t. by that time election day, the percentage of people is of the country going in their right correction,saw the economy improving, higher than has been, ronald reagan when he was reelected. lou: i don't have the time. >> he was there. lou: this is the -- why did he call -- mixing his old boss. why did he not call first governor chris christie who gave him the photo op, four and half hours and a big hug there was persuasive to just about 15 percent of the voters. should that not have been his first document. >> probably did not want to run again. facing a lot of q
FOX Business
Dec 28, 2012 8:00pm EST
massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind of cutting him out of the negotiations. >> that's basically it. with
FOX Business
Jan 1, 2013 12:00am EST
made up of people who have won election in 435 districts. the 50 states with two senators. the american people can decide who they are sending to congress. so, these are duly elected people who represent districts and just because somebody in one distri vote as certain way that somebody in another district doesn't like --. adam: you lose nothing. you're done. you lose nothing by speing truth to the other 434 members. what would you say to them? >> well, i think that we have sho, historically, not just this year but every the decades that congress is not good except if there's a deadline the reason the fiscal cliff exists we pushed until the end of the year this harmonic convergence of tax increases and spending cuts that are unpalatable to force action. otherwise congress would never get it done. that is speaker boehner's leverage with the debt ceiling. so i think we could do a lot better wh the type of people that we're electing to congress, moving away from the extremes and bringing more centrists who can work together. could give you a long speech about that when you combine
FOX Business
Dec 26, 2012 11:00pm EST
election in 2012 in november. now they want pay back and one politicians in high places, not just the white house but in congress and the state legislaturures that will back tm in these demands. politics enwrapped in this but it's a danrous situation becausnot only could it hurt the economy, but also when you industries you were mentioning that are union dominated, thing about the ones that have the heaviest concentration of unions. auto companies, steel mills, postal service. what do they have in common? they're not productive, they're not making mey. but this is a dangerous game and the onlyay they can succeed is the politic route. >> neil: all very reliant on the ports as well. quickly, about a half minute. people are asking oba to step? in. can he do anything. his national labor relation board has intervened in a lot of cases so yes. the white house could intervene. they're the ones who elected the president. this is an ongoing story and a dangerous situation and we don't know what the outcome will be but it's a damn shame to come right now. >> some of the estimates are 65% of
FOX Business
Dec 24, 2012 2:00pm EST
election question at the top of your last. they tried to get people to stand up at the debate and ask whether we like pepperoni year cheese. was that pepperoni or sauces? >> pepperoni your sauces. they wanted someone to stand up in the town of the bay between the president and the governor before the election and when they got to ask a question to ask, do you prefer your pizza with sausage or pepperoni. think about not only what the baldheaded move that was, but how incredibly disrespectful it is, not just of the two guys who were up there. melissa: they went back on it, so you gives him some credit. mercedes-benz using -- well was the deal with that? >> this one is hard to believe. they used him in a presentation, and on his beady instead of the redstart they had the mercedes logo. i know what happened, they had a twentysomething art director the only time years she had ever seen was on a t-shirt and a river something. no, if you want to sit or revolutionary, let's use a revolutionary. however, it was a little bit close to people's hearts, and it's not like we used somebody from the
FOX Business
Dec 26, 2012 4:00pm EST
fewer brackets. what changed his mind? >> he came out after the election saying he wanted 1.6 trillion in tax hikes, and his election kind of made him go for something figure. even though that meant he couldn't get an agreement. my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no dispute about it. if
FOX Business
Dec 23, 2012 11:00pm EST
pretty good choice. he won the election. he gets to choose. confirmed pretty readily? represents a sort of mainstream of american foreign policy, a little bit less for me, but not as far left as the first joist. lou: interesting, john mccain and others came out with really unreserved support for senator kerry. let's turn, if we may, to the failure in benghazi. and this report looks to me, i no there are varying views on this. and other whitewash, it seems. >> and the misses the point. we know what happened before and during periods grew up some allies, cover-ups. to me with the important thing is, what happened afterwards, which is nothing. then never hunted down, retaliated, responded. look at what happened to the original september 11th. 1998, attacks on u.s. embassies in east frica and in 2000 attack on the u.s.s. cole, we did not respond. we beefed up security at the embassy, change ththe rules of engagement. a the leader before it september 11th at a record of videos saying american as i respond. let's go kill more americans. by failing to respond we know who did this attack.
FOX Business
Dec 27, 2012 1:00pm EST
transitional government, of constitution, the election for right now it does not seem they will take any part of the deal. the human toll is astronomical refugees growing exponentially. 150,000 across the border in turkey. also jordan mostly women and children. in the long term what will we do with these people on top of those who have lost loved ones? tracy: humanitarian crisis. will we finally see president assad go quietly? a christmas wish for peace and syria. with us we have volleyed carries you know, this better than anyone. starting with egypt president morsi completes a referendum you say it is the totalitarian it is long state? >> and a referendum without democracy moving forward but without acting as a democratic president in egypt despite the fall of dictator it is established by president marcy most of symbols -- societe they all oppose morsi so it does not look like in 2013 we will see a more democratic egypt. tracy: then what is the point*? the people overthrow the government then they are no closer. >> looked at the french revolution. tracy: so we could see more revolts in
FOX Business
Dec 24, 2012 5:00pm EST
elections questions and tried to get people to stand up at the debate and ask whether we like pepperoni or cheese, right? was that it, pepperoni or sausage? i can't remember what the question was. >> right. melissa: go ahead. >> they wanted somebody to actually stand up in the town hall debate between the president and governor before the election and when they got to ask a question to ask, do you prefer your pizza with sausage or pepperoni? think about it, not only what a boneheaded move that was, but think how incredibly disrespectful it is but what of the two guys up there. melissa: they polled it before it actually happened. and pulled but give them credit for pulling out that one. mercedes-benz using che guevara, what is the deal with that. >> this is hard to believe. they used che guevara in the presentation. on the beaney instead after red star, they had a mercedes logo. i know what happened. a '20s art director only time seen chair was on a rave. if we want to say we're revolutionary, let's use a revolutionary. not like they used somebody from the french revolution. th
FOX Business
Dec 29, 2012 12:00am EST
that trend is going to require elected officials to do their jobs. the housing market is recovering but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it has been since 2008, but already you're seeing businesses an consumers starting to hold back because of the dysfunction that they see in washington. economists, business leaders, all think that we're poised to grow in 2013. as long as politics in washington don't get in the way of america's proess. so we've got to get this done. i just want to repeat. we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion s that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american pple should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go
FOX Business
Dec 31, 2012 11:00am EST
just in the election. >> even he has talked about some sort of tax reform. he is not the first president to be really bad with this. george bush had a republican congress and he was quite terrible. it was basically his way or the highway. with obama, he has had an attitude of i would just stand back and let the democratic congress do their will. we have this republican congress now, since the 2010 election, he has not done much to reach out or work with them. dagen: is that kind of attitude, how will that get in the way of getting anything done, particularly today? >> well, yeah, obviously, if people are trying to vote on a deal that includes a tax increase, they should just keep the rates down for people in the rest of the brackets and let obama have his, you know, you do not have to vote for a tax increase. it happens with or without you. you do not have to vote for a tax increase in that way. obama has something to worry about here, by the way. the republicans could even lose the next election because of this. he will have to live with this in the history books. dagen: reele
FOX Business
Dec 31, 2012 6:00pm EST
increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the framework from sources familiar with these negotiations. here are some of the things that are on it. taxes would rise to return to the clinton error rates fo
FOX Business
Dec 24, 2012 9:00pm EST
has been a tumultuous year for the markets. weak economic growth, and of course the election itself. some analysts picking games 2013 as much as 14% of the market and others lost as much as 14%. it is not working for me today. i think we should talk about else.i'g i will get to talk about a santa claus rally. ral is there a santa claus rally?ra will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there will be a lot of repositioning in portfolios coming toward the end of the year. a people are getting very nervous about the fiscal cliff. i was on the show a couple of weeks ago whe and i was not a tn concerned because i thought we would get a deal done.al it is starting to hurt people.ut a good call by you. frankly, gerri, that is what will hurt stocks and investors spending or appetite as s well.e gerri: i love it when you tell me i am right. it often doesn't last very longy i have got to think when we get some real claritytt on this no matter what whether it is good x or bad for investors and taxpayers there will be a little re
FOX Business
Dec 25, 2012 1:00pm EST
a bystander. visit stopbullying.gov. [applauding] john: in the last election, 90 million people voted. that sounds like lot until you realize there are 200 million eligible voters. in other words, most people didn't vote. and that's terrible. i'm told. but i think it's good because a lot of you are stupid. some of you, maybe not you, you're the audience that bothers to come to my show, so you're obviously on top of things, but a lot of americans don't follow the news. i took these loan up photos of ron paul, mitt romney, newt gingrich, show them to people outside the studio figured some would know who ron paul is that everybody would know who mitt romney and newt gingrich are. >> do you know who this is? >> tom brokaw of? >> looks like will ferrell. >> how about this? didn't know who this is? >> the situation. >> is a character in a sleazy reality show but more near him then politicians did >> "the situation." john: thiss one reason they are dumb older rock concerts. many of the young people had no clue of them. it is a fine young people don't vote. most of them don't pay attent
FOX Business
Dec 24, 2012 11:00pm EST
reelection and chrysler was the biggest employer and i got the highest% of election because i suck my principles. the professionals knew that if they got in trouble, they were big enough to make a stink and to go down. neil: but now things have switched. now they have gone from o big to fail. >> up the speech that i gave and i was very unpopular in the mission michigan delegation. i voted against the appropriation. [talking over each other] ronald reagan might get. >> the point was it was a mistake then. not only for chrysler, because we had to bail them out again 25 years later, how can we have financial markets that have been disciplined where mistakes and errors go unpunished? u can. capitalism doesn't work that way. neil: i agree with you. you bertie concerned me. we had no choice because there was a financial abyss waiting. but if we can stabilize, the whole world would have collapsed. i've been spending the last 2.5 years writing a book on this very topic that will be coming out next winter. take aig. they had written proper rules, they wouldn't have had these problems. there
FOX Business
Dec 25, 2012 7:00pm EST
six elections. the never miss an opportunity to miss an opportunity and if they follow the prescription for what will happen is they will cosign themselves with their position. >> i just want to understand this, representing both sides that you both want, right? >> i'm saying the republican party lost, democrats have no mandate and republican don't change they will continue to lose. lou: notice you have to put on me. i said let's examined apollo the possibility of recess. >> we do very well in the midterms. that is because we don't have to do all this. >> nobody taking the blame anybody one. that is just wrong. i want to hear names on the republican side. where is this great talent? >> jeb bush is a great man. he would do immigration reform, a change in policy, change in personality and a very good man. he is somebody worth having a prominent role in this country. >> i'm looking at the operative level. lou: do you know what in the world republican world stands for which mar? reagan had social conservatives, religious conservatives, fiscal conservatives. >> a shining city on
FOX Business
Dec 28, 2012 11:00am EST
for that, senator, but since the election, it's as if the differences between the two sides have hardened even more, and even if they do something small to prevent serious harm to the economy, what does that even say about the potential for tax reform in the coming year? what's that say about the potential to really try and write our nation financially? that will not get done. i mean, what it going to take to get them to act responsibly in the best interest of the country? >> well, you know, the lubrication for democracy is for people who feel differently to come together and reach compromise. i mean, that's always been the way things worked, and i served in congress for 30 years with people who, at the end of the day, even though they felt differently and strongly about things r they wanted to come together understanding they needed to compromise. you know, you mentioned, for example, tax reform. we need tax reform in the country, and i was in the 1986 ways and means committee, and reagan was president, democratic congress, it was hard to do, a long time, but we did it, and in t
FOX Business
Dec 27, 2012 9:20am EST
resolved by the election we had a couple of months ago, it's just not working, is it. >> no, it's not. we thought it would be a slow news cycle and certainly that's not happening. stuart: no, no, no, it's not happening. of course in the news business, that's kind of good news, isn't it? carol roth, we appreciate you being with us. thanks indeed, carol. toyota, here is the news, it's going to pay a fine of 1.1 billion dollars. it will settle those lawsuits, remember the scandal? that unintended ak sole ration n some cars that took off on their own. the-- that's actually up. it's a lot of money to pay for a fine, but investors knew it was coming and factored into the stock and maybe some relief it's only, quote, unquote, 1.1 billion. the next question, of 1.1 billion how much did the lawyers get? we'll have a lawyer for you in a few minutes. trial lawyer, mark lanier is here to defend the lawyers fees. hundreds of millions, how about that. and we're about to tumble over the fiscal cliff, and millions of americans face higher taxes if congress does not reach a deal. how much more wou
FOX Business
Dec 26, 2012 11:00am EST
difficult for elected officials to vote for something when they think it will be the end of their career. dagen: senator, that was, well, terrific conversation. thank you so much. it was great to see you. enjoy your new year. i will hold you to that. okay. i will hold you to it. >> you can count on it. dagen: be well. now, onto something just as troubling, but different. the weather. big storms with freezing rain and high winds is expected from the midwest all the way up into the northeast. now we go to chief meteorologist at whether bell.com. >> it is a bout sore and it is part of what is dancing. each one a little bit further. we have a lot of winter weather coming. it will be shutting down a lot of flights from philadelphia of to boston. they will get hammered later on this afternoon into tonight. philly, new york, baltimore, i do expect it to turn into rain. the snow will pileup northwest of those cities. 30 miles will make a big difference between four to 8 inches of snow and sleet and freezing rain on top of it. that whole major core door right on the battleground, it is almost all
FOX Business
Dec 25, 2012 5:00pm EST
many congresspeople who they give millions of dollars to every year in election campaigns. melissa: but still you said tax breaks. that is tax breaks that is their money hanging on to. it is not money they're getting back from congress. it is their money. >> it is money that everyone else has to pay. you know they get a special tax break for, for instance, if they want to make a project internationally they have a special government-backed loan program at u.s. export import bank. last year that program alone provided $10.4 billion fossil fuel subsidies. melissa: can i ask you better for my children and went out like the navy and spent $26 a gallon on biofuels or the air force which is spending $59 a gallon would that be better for my children we were all doing it. i don't like the air force and navy doing that. that is bad for my children's future because it runs up the deficit. >> the best thing for my children's future, i have two boys, one 10 years, one ten months and i'm worried about climate change and their future. we need to stop encouraging industry causing this problem, oi
FOX Business
Dec 31, 2012 9:20am EST
elected to public office in america saying i'm going to cut that because we can't afford it. but it's a long way off, i suspect, really a long way off. scott, i'm terribly sorry, i'm out of time. got to get to the stock market opening in a couple of seconds. happy new year. >> and to you. stuart: thank you. the clock is ticking and no matter the outcome of the debacle, republicans will get at least some the blame. we'll cover that in detail and we'll have the opening belfour you next. >> there is one issue that dominates stock market trading, cold trading, oil trading, you name it, all kinds of trading, one issue and one issue only, that's the fiscal cliff. you can spend a lot of sound bite trading. anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 o
FOX Business
Dec 30, 2012 6:00pm EST
american people in their wisdom retuned the same players to the same positions in the last election, so we will deal with what we have to deal with. i do, you know -- it is important to pot out that these are gointo be revenue bills which have to originate in the house of representatives under our constitution. the senate has a bill that the house passed in august, and this was a bill to extend all existing tax policy for an additional 12 months. the senate cou take that bill, amended if they wish, and send it back to the house. the white house cannot just simply develop a revenue bill and ask both houses of congress to vote on it. doesn't work that way. tom: are you really getting in parliamentary weeds your little bit, congressman? it is a matter of, let's get an agreement from one place to the other. the see of the two chambers can work this ou. at the same time, if hrry reid and mitch mcconnell working on it how are you guys going to receive it when it gets over into your chamber? >> probay not well. here's the deal, this all could have been worked out some time ago. august of the e
FOX Business
Dec 26, 2012 3:00pm EST
. ashley: aren't you concerned about continued volatility in that area? italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastrophic losses last year so the p/e ratios are a little higher than they appear. not as high as they appear rather. this year or next year's estimate fairly reasonable and they mentioned a four and .5% yield roughly, it is an attractive package.
FOX Business
Jan 1, 2013 5:00pm EST
giants now that the election is over what will happen with the keystone xl pipeline? it is planned to stretch from canada to the gulf of mexico and has been plagued with controversy since day one. construction on the southern leg is underway but the northern section is still up for debate. transcanada hopes its most recently revised route will ease concerns over nebraska's environmentally sensitive sand hills region and i had a chance to ask ceo russ germing to lay out the details. tell me about the route. hopefully we can put the picture up again. there are a quite a few little loops along the way to make sure it doesn't touch this environmentally sensitive area. in a way are you sort of calling the president's bluff, saying, well, we have done everything we're supposed to, now approve it? >> i think we've done that, we've done everything that we are supposed to do for the whole process that started well over four years ago. and, this is just the latest, you know, adjustments we made to the route. the route has had many adjustments since we started. you can see by the map we moved th
FOX Business
Jan 1, 2013 6:00pm EST
months. we don't know why. you can assume might be because of the election because the pace we're on right now is significantly lower than other re-election years. for example, 2008, 2004, and 2000. gerri: you say more than 80% of the rules have been under review for 90 plus days. why does it takeso long? look, i don't even want to see the rules come into place but at end of the day they should have some efficiency about enacting them and writing them down? >> sure. well the biggest issue is transparency. you mentioned the 90-day threshold. under executive orders, 90 days is supposed to be the maximum. roughly 80% of the rules have been there longer than 90 days. this is really unprecedented. part of the issue as i mentioned is transparency the white house under law is supposed to release two unified agendas of regulations each year and the last onone they issued was for last fall. even that one was late. we don't have one for 2012 at all. we have no clue really beyond what is at the white house what is scheduled for 13 and 2014. members of the house oversight committee --. gerri: ta
FOX Business
Dec 26, 2012 7:00pm EST
presidential election. on the radio show she said voter suppression was in full force in so many states all over this country.s ar the first lady cited no specifics and prompted judicial watch to issue the fina followig statement. mrs. obama's exhibitions of minority vote suppression or racially divisive and show a dangerous disregard for the troops. we are aware of no evidence of actual voter suppression.r if she has some issues to disclose. by the way, we have not heard from the justice department on this issue at all. given his history that we certainly would have if there waslth any incident of voter suppression. our next guest defense the tough voter id law say it is a paramount important that we protect the integrity of the process and make sure voter irregularities and voter fraud is eliminating. joining us now, attorney general of south carolina, great to have you with us.at first, your reaction to what the first lady had to say. >> i obviously disagree with the first lady.with in every state i looked at, georgia, indiana are two states, section five, one is not a section five s
FOX Business
Dec 26, 2012 8:00pm EST
last election and 90% of those tax hikes were delayed, conveniently. the president got himself safelyse reelected.ion and then we have the massive spending, $8 trillion in debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of
FOX Business
Dec 25, 2012 3:00pm EST
ohio, it could be the one-vote election. don't be so scared? >> everyday the worries about europe, greece, things are going pretty well in america. you would think it is a horrible obsession with the recession. we have a need to be scared. we always look out for the predator. but all the headlines sugges things are bad. >> what happened with avian flu? >> you might have gotten brain cancer from yourself loan. and it could have been is one of the most dangerous praises, art carden? >> yes. people ovestimate very, very small risk. the ada your child could be affected is what people worried about but if you were, he would never get to in the car again. the risk of driving a car is so much greater than a terrorist attack or ap did dollars -- obligee were driving into would year. john: it kill the 3,000. >> but then cost us $10 trillion and made of the world hates us now other issues are happening in the middle east. middle east. john: food for thoug how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your cus
FOX Business
Dec 24, 2012 10:00pm EST
from minorities in the past election, yet they want to create an immigration system that gives vises with one hand while taking them away from minorities with the other. lou:joining as now, the co-author of numerous anti illegal immigration laws in a kansas secretary of state, also with us, the attorney, executive director of the national immigration forum. good to have you with t through no fault of their own, brought into the country by their parents. what are your reactions? >> let me react to both bills. i agree that the s.t.e.m. jobs act as an example of a perfectly good bill. what we were doing since 1965, as every year he we were giving away 50,000 green cards in a lottery all over the world. thi what it does is take thoseves t t5,000 visas and gives them awa in a way that serves oured d national interest to people who have advanced degrees that can help our country in science and technology. in contrast, i think that is a disaster. it is just a rehashed amnesty version of the dream act, that's what the achieve act is. i'm hopeful that republicans will chill the wine.amnesty t
FOX Business
Dec 31, 2012 7:00pm EST
real question of the heart of my book. i think the question at the heart of the election tat the world wanted the answer to. is the united states capable of serious course correction? and i think both on november the sixth and in the so-called fiscal clef, sokol negotiations that followed, we are telling the world that the united states is not capable of serious cose correction, and that will have catastrophic consequences for america. lou: when you say catastrophic consequences, tonight it seems as if we are, this broadcast has been organized to prove your point. bill archer joined us, former house ways and means committee in 1996 who was president at almost the destruction of the government under president clinton and speaker gingrich. we have hisexperience, also the experience as a member of the budget commission put together by president clinton which came to nothing. just as the simpson bowles commission came to nothing. and as this fiscal clef being managed y his president does t look promising. >> that is really the point you brought up earlier. when you have european leve
FOX Business
Dec 28, 2012 9:20am EST
elected to office today if you say i'm going to cut this entitlement or restrict that entitlement or restrict or cut that payout to some group or people. i think that's the kiss of death in american politics and therein lies the problem. >> that's going to change, these things need to be done. that's simple math. stuart: what will it take to make us change? >> it's going to take main. pain. a lot of people say it's a man made crisis only because we haven't dealt with the problems youp until now. congress set the deadlines. these could be random and asked around. if we start to see, i mean, we've seen this before, stuart and you know, the summer of 2011 we saw this, fall of 2008 we saw this, took a 5 to 7% drop in the stock market, a big abrupt plunge to get attention in washington and that's when we got action. so you can look in the future and a number of things like that that could happen that would force washington to do something, but we're not there yet. stuart: no, we're not there yet. as you suggest we could roll everything over, agree to keep disagreeing with the current syst
FOX Business
Dec 25, 2012 9:00pm EST
the wake of the elections, a lot of critics of republicans said, the republican party in particular need to be more supportive of immigrants, have some kind of path to citizenship. ur legislation doesn't go that far. should it go further and why is it important to make at least some steps in the direction of helping people become more fully integrated into society? >> well, first of all we do welcome immigrants because there is a way to come into our country legally. what we're dealing with is people who have come illegally and in this case they are children who really didn't have a choice. and they are here and they have been educated in america and we're trying to give them a legal status that doesn't allow am fear of deportation. allows them go to college or go to school and stay here if they want to. if they want to become citizens, they can apply and get in line and abide by the law as it is today. we don't change the law. we don't prohibit them. but we don't give them the cut in line before the people who have it withed for years to get that green card or citizenship. gerri: i
FOX Business
Dec 28, 2012 3:00pm EST
hundred points, but back in the same place for a couple weeks. the weeks before the election, everybody talked about the fiscal cliff, and until they really put this deal together fully and for the long term, it's the same thing going out into the next year. ashley: it's interesting. what if nothing is done? what reaction do you expect there, bobby? >> if nothing's done, i think we'll have the reaction like we have now. i don't know if they'll be able to have an announcement before sttcks close at four o'clock, but everybody is sitting with hands tied behind the back for any news. ashley: dan at the cme. dan, i want to talk gold. it's interesting, gold down eight or nine bucks on the day, and you think it's a safe haven play, but is it the profit takers trying to get ahead of higher tax rates to pay? >> it's possible, but i believe people think there's no grand bargain here. if they come to grips with a plan, the plan they talked about is tax rates. obviously, that's good, a nice headline, but that doesn't stop the sequestering io themes in play. if they are in play, that's d
FOX Business
Jan 1, 2013 3:00pm EST
since the election eight weeks, and did not. a time we have been pushed into a new year. it is long overdue for us to have a solution to go forward and remove all doubt into what comes next. for our country. so we expect the american people deserve an up or down vote on what was passed in the senate. >> madam speaker, if there is an up or down vote, how many democratic votes would you have? would you be able to deliver? >> that is not a subject i will be talking about right now. >> members are considering the legislation. i just heard from the vice president, we will find out which members. >> you are saying you want bipartisanship from the other side, don't you have to say that you're willing to support this piece of legislation? >> i don't think there's any doubt we will have bipartisanship. i can tell you we will have a bipartisan vote. >> thank you very much. >> when will you start working? >> as soon as it is correct. >> waiting on republicans, you heard it from the caucus leadership on the democratic side, house of representatives nancy pelosi, all saying it is up to the repub
FOX Business
Dec 26, 2012 6:00pm EST
presidential election, there were a lot of things that the administration kept from the american people. one of the big secrets was that we would hit this debt limit in december. because of the way they have been spending money for that past year. they have $150 trillion in january, remember? we all talked about that. they have blown through in less than a year. that is problem number one, the spending. gerri: it is absolutely a problem. there is no doubt about that. i tell you that the general public is blaming republicans. 61% say it is the fault of your party, the republicans, your party, but we are about to go over this fiscal cliff. what do you say? >> of course they blame republicans. that is what people in washington bureau. let's be realistic about this. the president owns the economy at the end of the day, whether he wants to admit it or not. this is his job. i was there in 2003 in the second round of so-called bush tax policies came to the house. the house house wanted $550 billion in cuts. all they could get was $250 billion. it was a compromise. george bush came down and met
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